Ebola attack degrades production in London Mining

FREE TOWN (Scrap Monster): 

The company,  unfortunately became a dominating loser on the London Stock Exchange, as their share fell from 19  to 32.5 pence on Thursday morning.

Graeme Hossie, the Chief Executive of London Mining stated that, the deadly virus, Ebola has started to  affect  production of the mine located in Sierra Leone. He also added that, the travel restriction and difficulty in the transportation of supplies are holding them back from working effectively.

The company announced that it has postponed 175 million dollars worth extension plans for Its Marampa mine, due to the fall in iron ore prices. Hopefully the plan of extension will be restored in two years.

Another 20 million capital expenditure has also been set back, until the market condition of iron ore improves.